Business
Receipt of Shares in Cornwall Resources Limited
Receipt of Shares in Cornwall Resources Limited.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0799W Strategic Minerals PLC 06 February 2017 \n\n6 February 2017\n Strategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\n \nReceipt of Shares in Cornwall Resources Limited\n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, confirms that it has exercised its remaining option to purchase further shares in Cornwall Resources Limited (\"CRL\", formerly called \"NAE Resources (UK) Limited\"), making a payment of £843,649, and has been issued a further 248,864 shares in CRL. This brings SML's shares in CRL up to 309,837, which matches that of its joint venture partner, New Age Exploration Limited.\n \nCommenting, Strategic Minerals' Managing Director, John Peters, said:\n \n\"The funding of the option payment now sets the framework in place for progressing the 2017 Redmoor tin/tungsten drilling programme near Kelly Bray, Cornwall. We look forward to updating the market on the drilling programme in the first quarter of 2017.\" \n \nPlease refer to the announcement made by the Company on 26th May 2016, for more information about the Redmoor tin/tungsten project and the particulars of the option to acquire up to a 50% interest in CRL.\n \n \nFor further information, please contact:\n \n\n\n\n\nStrategic Minerals plc\nJohn Peters\nManaging Director\n www.strategicminerals.net\n \nFollow Strategic Minerals on:\nTwitter: @SML_Minerals \nLinkedIn: strategic-minerals-plc\n \n\n\n+61 (0) 414 727 965\n\n\n\n\nSP Angel Corporate Finance LLP\nNominated Adviser and Joint Broker\nEwan Leggat\nLaura Harrison\n \n\n\n+44 (0)20 3470 0470\n\n\n\n\nOptiva Securities Limited\nJoint Broker\nGraeme Dickson\n \n\n\n+44 (0)20 3411 1880\n\n\n\n\nYellow Jersey PR\nFinancial PR\nFelicity Winkles\nAlistair de Kare-Silver\nJoe Burgess\n\n\n+44 (0)7825 916 715 \n\n\n\n\n \nNotes to Editors\n \nStrategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local m...